Veltex Corporation (VLXC)

[pual]

A theory effectively, just that a theory.

I beleive Matin and his close friends do want to buy back as many shares as they can from small shareholders.

It's obvious that Matin cannot normalize Veltex as a publicly held company and he therefore think he can somehow privatize it.

Even if for reasons we do not know Matin cannot produce real credibly audited financials, I think he now is in a somewhat good financial position, he doesn't need to issue shares to pay the rent anymore and he even have some cash to play with. He therefore doen't need us anymore and my feeling is that he (this includes him and his close ones) can effectively buyback shares... may be even more than he mentionned earlier.

FWIW, I did develop the feeling Matin did something that he cannot repair but survived it but still cannot openly divulge whatever it is.

He therefore must find a way around this (these) issue(s) without having to go public about it.

Getting rid of shareholders is certainly an alternative and I somehow suspect he decided to go down that path.

One thing is for sure. I am not expecting Veltex as we know (???) it to ever become a real reporting company listed on a stock market other than PS.

I therefore plan to exit whenever (if ever) I see my now set PPS target. Let's see if it will come.